Geller Advisors LLC Makes New Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Geller Advisors LLC purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,232 shares of the company’s stock, valued at approximately $471,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Mather Group LLC. lifted its holdings in Palantir Technologies by 101.4% in the fourth quarter. Mather Group LLC. now owns 890 shares of the company’s stock valued at $67,000 after acquiring an additional 448 shares during the last quarter. Diversify Wealth Management LLC acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $876,000. Destiny Wealth Partners LLC purchased a new position in shares of Palantir Technologies during the 4th quarter worth $3,233,000. Kieckhefer Group LLC acquired a new position in Palantir Technologies in the fourth quarter valued at about $11,769,000. Finally, Grange Capital LLC purchased a new position in Palantir Technologies during the fourth quarter worth about $5,829,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insiders Place Their Bets

In other news, Director Alexandra W. Schiff sold 6,776 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total value of $587,004.88. Following the transaction, the director now directly owns 184,617 shares in the company, valued at $15,993,370.71. This trade represents a 3.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total value of $65,000.00. Following the sale, the director now owns 61,339 shares of the company’s stock, valued at $4,983,793.75. The trade was a 1.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,978,181 shares of company stock valued at $252,115,667. Corporate insiders own 9.23% of the company’s stock.

Palantir Technologies Trading Down 1.5 %

Shares of PLTR opened at $117.36 on Friday. The firm’s 50-day moving average is $94.23 and its two-hundred day moving average is $81.99. The firm has a market capitalization of $275.25 billion, a P/E ratio of 617.72, a PEG ratio of 10.84 and a beta of 2.68. Palantir Technologies Inc. has a twelve month low of $20.50 and a twelve month high of $125.41.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting analysts’ consensus estimates of $0.13. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The firm had revenue of $883.86 million for the quarter, compared to analysts’ expectations of $863.89 million. The firm’s revenue was up 39.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.08 EPS. Analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PLTR. Royal Bank of Canada reaffirmed an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday. Bank of America increased their price target on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. The Goldman Sachs Group increased their target price on shares of Palantir Technologies from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Tuesday. Northland Securities increased their price objective on Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research note on Tuesday, February 4th. Finally, Loop Capital boosted their target price on Palantir Technologies from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $83.95.

Palantir Technologies Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.